Atento (NYSE:ATTO) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Atento (NYSE:ATTOGet Rating) in a report issued on Sunday. The brokerage set a “hold” rating on the business services provider’s stock.

Separately, Barrington Research cut their price target on shares of Atento from $32.00 to $15.00 and set an “outperform” rating on the stock in a report on Monday, August 15th.

Atento Stock Up 20.9 %

Shares of NYSE ATTO opened at $5.68 on Friday. The company has a market cap of $85.20 million, a price-to-earnings ratio of -0.64 and a beta of 1.25. The firm’s fifty day moving average is $3.96 and its 200 day moving average is $7.87. Atento has a 52 week low of $2.40 and a 52 week high of $32.00.

Institutional Investors Weigh In On Atento

Several hedge funds and other institutional investors have recently made changes to their positions in ATTO. Intrepid Capital Management Inc. boosted its position in shares of Atento by 548.6% during the 1st quarter. Intrepid Capital Management Inc. now owns 122,166 shares of the business services provider’s stock valued at $3,378,000 after acquiring an additional 103,330 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Atento by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 22,105 shares of the business services provider’s stock valued at $611,000 after purchasing an additional 1,398 shares in the last quarter. Littlejohn & Co. LLC boosted its position in Atento by 7.8% during the second quarter. Littlejohn & Co. LLC now owns 303,348 shares of the business services provider’s stock valued at $3,030,000 after purchasing an additional 22,064 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Atento by 12.1% during the second quarter. Renaissance Technologies LLC now owns 31,612 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 51.62% of the company’s stock.

About Atento

(Get Rating)

Atento SA, together with its subsidiaries, provides customer relationship management business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, technical support, collections, and back office.

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